 Yen rises broadly today as risk aversion is back. Chinese stocks dived sharply in otherwise quiet Asian session. The Shanghai SSE closed down -2.49% at 2579.48 has likely completed recent corrective rebound. European indices also reversed initial gain and are trading broadly lower at the time of writing. Weak Eurozone PMI data is a factor weighing down sentiments. In the background, WTI crude oil is extending recent free fall and hits as low as 50.60. 50 psychological level is now in touching distance. Back to the currency markets, Dollar and Swiss Franc are following as the second and third strongest for now. New Zealand Dollar is the weakest one for today, followed by Euro and the Sterling. The lift by UK-EU political declaration was rather brief. Focuses will turn to whether EU27 leaders, including Spain, would approve the Brexit withdrawal agreement this Sunday. For the week, Swiss Franc remains the strongest one, followed by Yen and then Sterling. Australian, New Zealand and Canadian Dollar are the weakest. In other markets, FTSE is now down -1.1%, DAX is down -0.73%, CAC is down -0.63%. German 10 year yield is down -0.0303 at 0.343. Italian 10 year yield is down -0.004 at 3.437. Earlier today, Nikkei rose 0.65%, Hong Kong HSI rose 0.18%, Singapore Strait Times rose 0.09%. But China Shanghai SSE dropped -0.23%. |
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